Testing for Stock Market Integration in a Developing Economy: Colombia

This paper examines the linkage between two parallel stock exchanges trading the same shares in Colombia, namely the Bogotá Stock Exchange and the Medellín Stock Exchange. We provide empirical evidence to support the hypothesis that these two markets can be best described as fully integrated over a...

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Detalles Bibliográficos
Autores Principales: Gutiérrez, Luis H., Otero, Jesus
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2006
Acceso en línea:http://repository.urosario.edu.co/handle/10336/10945